Test 1 Flashcards

1
Q

Planning

A

Always start with budget

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2
Q

Effective and Efficient

A

Effective is producing and efficient is how well resources are used

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3
Q

Organizing

A

Create working relationships to achieve goals

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4
Q

Integration and Interdependence

A

The action and 2 or more people

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5
Q

NAFTA countries

A

USA, Canada, & Mexico

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6
Q

ASEAN

A

Asian Nations

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7
Q

ASEAN Goal

A

Economic growth

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8
Q

Association that deals with global disputes

A

WTO

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9
Q

Trade Agreement

A

European Union

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10
Q

Economies of Scale

A

Efficiency

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11
Q

Introduction

A

Advertise

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12
Q

Growth

A

Increase Sales

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13
Q

Maturity

A

Demand slow

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14
Q

Decline

A

Profits fall

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15
Q

CSR

A

Balancing business operations and interactions

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16
Q

Obstructionist Stance

A

Doing little as possible

17
Q

Accommodative Stance

A

Doing the little extra

18
Q

Proactive Stance

A

Tries to help with groups

19
Q

Ethnocentric

A

Apply morality used home country regardless of host’s country’s system of ethics

20
Q

Ethical relatvisim

A

Morally accepted good or bad

21
Q

Legal act corruption

A

Corrupt Practices Act 1977

22
Q

Moral Universalism

A

Addressing the need for moral standard

23
Q

Horizontal Integration

A

Adding related products

24
Q

Stuck in middle

A

Sears and Kmart example

25
Q

Corporate level of strategy

A

Competing outside industry

26
Q

Backward integration

A

Distribution

27
Q

Forward integration

A

Own customer

28
Q

Crowding out

A

Increase in borrowing

29
Q

Offshoring

A

Advantage of lower costs overseas

30
Q

37

A

B

31
Q

3 Generic startegies

A

Overall cost leadership, differentiation, & focus strategy

32
Q

Business level startegy

A

Within industry

33
Q

Switching costs

A

Switching phone plans

34
Q

Supply of power

A

No substitutes for suppliers products

35
Q

International diversification

A

Finding new markets

36
Q

Stakeholder & Shareholder

A

Shareholder is owner of stock